January 23, 2026

Dr. Copper

By Terence W. Brogan

As the saying goes “Dr. Copper with a PhD in Economics” because Copper is in everything and when Copper is doing well, so is the economy. As you can see from the first (long term)…

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January 22, 2026

All Cap Cyclical Relative Performance Breakout!

By Terence W. Brogan

The past three months have been very good for our Buy Cyclicals call and as of yesterday we got a Relative Performance Ratio of the S&P1500 Cyclical versus the S&P500 to finally experience a Bullish…

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January 21, 2026

Commodities Money Flow Buy Signal

By Terence W. Brogan

Today we are recording a Cumulative Money Flow 104 MACD momentum reversal Buy Signal on the S&P GSCI (Goldman Sachs Commodity Index). As you can see below, GSCI’s largest weighting is Oil so it is…

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January 20, 2026

Cost of Capital Going Higher

By Terence W. Brogan

Today we are going to reiterate our call for higher interest rates. We have been noting the bullish flag pattern on yields that historically (according to technical textbooks) resolves to the upside. As we have…

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January 16, 2026

Relative Performance Buy Signal Emerging Markets Asia ~ China & Tawain

By Terence W. Brogan

Monday, we recorded a relative performance Buy Signal for MSCI ACWI ex USA, Europe & Emerging Markets versus the USA (S&P500) and today we are going to focus on Emerging Market Asia. It is no…

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January 15, 2026

Japan Relative Performance Buy Signal

By Terence W. Brogan

Monday, we recorded a relative performance Buy Signal for MSCI ACWI ex USA, Europe & Emerging Markets versus the USA (S&P500) and the largest weighted country in the international index is Japan. So, it is…

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January 14, 2026

Money Flow Model Still Positive

By Terence W. Brogan

Yesterday we spoke about how our Money Flow Model decline looks to have arrested but let’s not hold our breadth. As you can see from the chart of the model below, the spread has been…

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January 13, 2026

Relative Performance Buy Signals Triggered Global, Emerging Markets, Europe, & US Mid-Caps & US Small-Caps

By Terence W. Brogan

Over the past several trading days we have been noting the weakness in our high frequency Money Flows and good news, our Money Flow Model had very positive reversal yesterday, arresting the decline that we…

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January 12, 2026

Cyclicals Running Into Resistance, Will They Breakout?

By Terence W. Brogan

We’ve been Bullish on the equal weighted Cyclical, Value/Hard Assets since July 21, 2025 and they have underperformed up until Nov 3, 2025. Since then, we have seen very nice outperformance versus the S&P500 from…

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January 9, 2026

Mirror Money Flow

By Terence W. Brogan

Today we are going to show an indicator that we call Mirror Money Flow as we are showing the stocks in S&P500 that have positive money flows with the mirror image of negative money flows….

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